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5 Apr 16
International Monetary Fund managing director Christine Lagarde has reiterated calls for a multifaceted approach to counter the weakening global economy amid warnings it is becoming stuck in a “new...
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4 Apr 16
Portugal has missed its 2015 fiscal deficit target and looks set to remain under the European Union’s excessive deficit corrective measures as a result, the International Monetary Fund has said.
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4 Apr 16
Ukraine’s economy could turn around from a 10% contraction last year to 1% growth this year if the government can make progress on reforms, the World Bank has said.
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4 Apr 16
The fall in oil prices has “decimated” Nigerian government revenues and slashed the country’s GDP growth from 6.3% in 2014 to an estimated 2.7% last year, the International Monetary Fund has said.
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1 Apr 16
Tax revenues in some African countries have risen by up to almost 7% since 2000, making a key contribution to economic development, the OECD has found.
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1 Apr 16
The African Development Bank has approved a $228m loan to upgrade 172 kilometres of road that forms part of a trade route linking Kenya, Tanzania and South Sudan.
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31 Mar 16
The International Monetary Fund has announced it will close its office in Nicaragua in August as the country’s economy has stabilised following two decades of close supervision.
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30 Mar 16
Growth across Asia and the Pacific is set to slow this year and next year as a result of a continued weak recovery globally and softer prospects for China, according to the Asian Development Bank.
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22 Mar 16
Almost half of the world’s population will suffer severe water shortages if current levels of consumption and pollution continue, the United Nations Environment Programme has warned.
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22 Mar 16
Poland’s economy has made “remarkable progress” over the last 20 years and living standards are now converging with those in other high-income countries, however, the OECD said wide-ranging tax...
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21 Mar 16
Government finances in Zambia are under “immense stress” and the economy has contracted by around 3%, prompting the International Monetary Fund to call for swift and resolute action.
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21 Mar 16
Investments to make Kenya’s forestry sector more efficient could cut greenhouse gas emissions by 27% over 2010 levels and bring economic benefits of $188m per year, the United Nations and Kenyan...
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21 Mar 16
China should prioritise reforms to open up its economy, reduce inequality and expand innovation on its “bumpy” transition to a new growth model, International Monetary Fund managing director...
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19 Mar 16
Emerging market countries must press ahead with economic reforms to ensure they can overcome current economic turbulence, the European Bank for Reconstruction and Development president has said.
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18 Mar 16
Botswana’s public finances have slipped back into deficit for first time in three years according to the International Monetary Fund.
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17 Mar 16
Bold action will be needed from policymakers across developing Asia to counteract China’s slowdown, which could knock a third of a percentage point off growth in the rest of the region for the next...
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16 Mar 16
Nigeria needs to create 40-50 million more productive and higher-income jobs by 2030 to support its booming population, poverty reduction and inclusive growth, the World Bank has found.
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15 Mar 16
Government spending in Indonesia is driving a modest pick-up in growth but a more solid recovery will depend on private sector investment, the World Bank has said.
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10 Mar 16
Stabilising public finances and tackling poverty and inequality in Greece are crucial for the debt-laden country’s emergence from crisis, the OECD has stressed.
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10 Mar 16
Zimbabwe needs to “act now” to counter economic difficulties, with fiscal belt-tightening and reengagement with the international financial community key priorities, the International Monetary Fund...
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8 Mar 16
Eurozone finance ministers have urged Greece to put in “extra effort” in implementing economic reforms, as it was announced that Cyprus would be dispensing with International Monetary Fund support...
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7 Mar 16
Reforming Serbia’s expensive public sector will be key to accelerating the country’s accession to the European Union, the World Bank regional vice president has said.
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7 Mar 16
The lure of natural resources can trump concerns around corruption, poor infrastructure and unfavourable business conditions for foreigners looking to invest in Africa, professional services firm...
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7 Mar 16
Risks to Belgium’s economy “loom large”, with high public debt, severe labour market fragmentation and “tenuous” fiscal sustainability threatening growth, the International Monetary Fund has warned.
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4 Mar 16
Game-changing reforms will be needed to face the global challenge of ageing populations and shrinking labour forces, International Monetary Fund managing director Christine Lagarde has said.